Franklin Lakes is a somewhat small borough located in the state of New Jersey. With a population of 10,936 people and two associated neighborhoods, Franklin Lakes is the 176th largest community in New Jersey. Franklin Lakes home prices are not only among the most expensive in New Jersey, but Franklin Lakes real estate also consistently ranks among the most expensive in America.Franklin Lakes is a decidedly white-collar borough, with fully 94.56% of the workforce employed in white-collar jobs, well above the national average. Overall, Franklin Lakes is a borough of professionals, managers, and sales and office workers. There are especially a lot of people living in Franklin Lakes who work in management occupations (20.46%), sales jobs (13.57%), and healthcare (11.91%). Also of interest is that Franklin Lakes has more people living here who work in computers and math than 95% of the places in the US. One interesting thing about the economy is that relatively large numbers of people worked from their home: 25.27% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. Because of many things, Franklin Lakes is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Franklin Lakes really has some of the features that families look for when choosing a good community to raise children. Is Franklin Lakes perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live. In Franklin Lakes, however, the average commute to work is quite long. On average, people spend 33.73 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit. Despite being a small borough, Franklin Lakes has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.Do you like to read, write and learn? If you move to Franklin Lakes, you'll likely find that many of your neighbors like to as well. Franklin Lakes is one of the more educated communities in America, with a full 77.34% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%. The per capita income in Franklin Lakes in 2022 was $102,827, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $411,308 for a family of four. Franklin Lakes is a very ethnically-diverse borough. The people who call Franklin Lakes home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Franklin Lakes residents report their race to be White, followed by Asian. Important ancestries of people in Franklin Lakes include Italian, Irish, Polish, German, and Russian. Franklin Lakes also has a high percentage of its population that was born in another country: 17.73%. The most common language spoken in Franklin Lakes is English. Other important languages spoken here include Spanish and Arabic.
